MILPITAS, Calif., July 26, 2016 (GLOBE NEWSWIRE) -- Nanometrics Incorporated (NASDAQ:NANO), a leading provider of advanced process control systems, today announced financial results for its fiscal second quarter ended June 25, 2016.
Q2 2016 Highlights:
- Record Memory Sales, Driven by 3D-NAND. Following record 3D-NAND bookings in the first quarter, the company achieved record 3D-NAND revenues in the second quarter of 2016, driven by production ramps underway by multiple leading manufacturers. The company’s strength in 3D-NAND also led to an all-time quarterly record for revenues from the overall memory market.
- Record Integrated Metrology Sales. Following 100% year-on-year growth in integrated metrology sales in 2015, second-quarter 2016 integrated metrology sales more than doubled quarter-on-quarter, to a new record high, driven by strength in both OCD and Thin Film solutions for 3D-NAND process control.
- Strong QoQ and YoY Revenue Growth and Improvement in Profitability. Second-quarter revenues were up 17% quarter-on-quarter and 15% year-on-year, while operating profit improvements exceeded 85% and 160%, respectively, for the comparable periods.
| GAAP Results | ||||||||||||||
| Q2 2016 | Q1 2016 | Q2 2015 | ||||||||||||
| Revenues | $ | 55,767 | $ | 47,489 | $ | 48,629 | ||||||||
| Gross Profit | $ | 28,425 | $ | 24,491 | $ | 23,264 | ||||||||
| Income from Operations | $ | 7,336 | $ | 3,730 | $ | 2,509 | ||||||||
| Net Income | $ | 6,031 | $ | 3,467 | $ | 1,344 | ||||||||
| Earnings per Diluted Share | $ | 0.24 | $ | 0.14 | $ | 0.06 | ||||||||
| Non-GAAP Results | ||||||||||||||
| Q2 2016 | Q1 2016 | Q2 2015 | ||||||||||||
| Gross Profit | $ | 28,867 | $ | 24,926 | $ | 23,721 | ||||||||
| Income from Operations | $ | 7,778 | $ | 4,189 | $ | 2,991 | ||||||||
| Net Income | $ | 6,473 | $ | 3,926 | $ | 1,826 | ||||||||
| Earnings per Diluted Share | $ | 0.26 | $ | 0.16 | $ | 0.08 | ||||||||
